Which of these BEST describes the impact the Interstate Commerce Act (1887) had on business at the end of the 19th century?

Question

Responses
A By placing price controls on the steel industry, it made railroad companies more profitable.By placing price controls on the steel industry, it made railroad companies more profitable.
B It prevented new businesses from forming because complying with the law proved too expensive.It prevented new businesses from forming because complying with the law proved too expensive.
C It resulted in the breakup of the country's largest monopolies by the start of the 20th century.It resulted in the breakup of the country's largest monopolies by the start of the 20th century.
D While it had little immediate impact, it was the first federal law to put regulations on business in the United States.

Answer 1

The option that BEST describes the impact of the Interstate Commerce Act (1887) on business at the end of the 19th century is:

D While it had little immediate impact, it was the first federal law to put regulations on business in the United States.

The Interstate Commerce Act established the Interstate Commerce Commission (ICC) to regulate railroads and ensure fair rates, but its immediate effects were limited. However, it was significant as it marked the beginning of federal regulation of private industry in the U.S.